Zebi eyes Telangana, Maharashtra for digitising land records after pact with Andhra Pradesh

The two-year-old company also plans to raise over Rs 20 crore in a fresh round of funding from new as well as existing investors.

ET Bureau|

Jan 08, 2018, 06.53 PM IST

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HYDERABAD: Blockchain-based big data solutions provider Zebi is in talks with several state governments to deploy its big data solutions to digitise their land records. While it has already signed a pact with Andhra Pradesh, making it the first state in the country to deploy such solutions, it is now in talks with other states like Telangana,Maharashtra and few others.

Big data refers to analysing of large volumes of data – both structured and unstructured – that helps identify patterns, trends and associations while blockchain technology helps secure data and prevents hacking.

Babu Munagala, founder, Zebi, said, “We are in talks with several state governments including Telangana and Maharashtra to deploy our solutions for digitising land records. It has passed the technical evaluation and is awaiting results of financial evaluation from Telangana government”. As part of its technical collaboration with Andhra Pradesh Capital Region Development Authority (APCRDA), Zebi will offer its package of solutions including Zebi chain, which is based on blockchain, and Zebi data gateway, to digitise and safeguard over 1 lakh land records in Amaravati."

The two-year-old company also plans to raise over Rs 20 crore in fresh round of funding from new as well as existing investors. It has so far raised Rs 10 crore in seed funding.

“We will in a few weeks from now will be announcing our fresh round of investing that will help us scale up our operations,” said Munagala.